NEM Foundation, Tutellus, and Cryptonomos partner up in transforming global education

New York, May 29, 2018 – Learning will never be the same again now that Tutellus has been introduced to the public. It is a decentralized platform that incentivizes users in exchange for learning. This is a great revolutionary innovation in the industry of education, which the NEM blockchain is certainly proud to be part of–being able to transform the lives of students and teachers by providing firsthand access and engagement to learning.

During the Consensus 2018, a successful blockchain conference event in New York, collaborations among Tutellus, Cryptonomos, and the NEM Foundation have taken the spotlight. Tutellus, which was, thus far, used by millions of students, will shift business as a token-driven ecosystem through the help of the NEM blockchain. It aims to modify education’s incentive structure, which was then traditionally focused on long-term rewards and minimal short-term incentives that slow down (taking years) the process towards bearing fruits for users. Because of that, the new Tutellus blockchain targets to provide immediate token for teachers and students for accomplishing course-related goals and achievements.

Through the help of the leading ICO platform, Cryptonomos, Tutellus will transition onto the NEM blockchain, which will enable the exchange of NEM tokens (and other cryptos) for TUT tokens. Representatives from Tutellus, Cryptonomos, and NEM Foundation have discussed advantages that may result from their partnership, which is believed to be something we all should look forward to.

Support from representatives of Tutellus, Cryptonomos, and NEM Foundation

“We are grateful for the support of the NEM Foundation, Cryptonomos, and Coinsilium; we are building a new decentralized platform to transform education and training forever, and solve the pains the sector has. Learning and teaching will never be the same again.” — Miguel Solana, Tutellus Investor and Advisor

“Tutellus is an inspiring platform for lots of reasons: they’re already one of the strongest players in the digital education market and their vision for the future is very compelling. Projects that use blockchain technology in new and innovative ways, such as Tutellus, are the ones that the NEM Foundation find most exciting.” — Albert Castellana, Council Member, NEM Foundation

“This is an innovative blockchain project. It isn’t about trying to cut out financial middlemen or improve logistic supply chains — it’s about transforming the way that people relate to their education. These are the potentially world-changing sorts of projects that we love.” — Oleg Poskotin, CEO, Cryptonomos

Advantages of the NEM platform

“Our dual token structure is based on a token that measures the user’s relevance in the network [STUT] and another one that provides access to the platform [TUT]. The different characteristics of each token and the need to ensure transaction scalability together with seamless integration between a private and public blockchain made NEM the perfect blockchain infrastructure to work with. So far, the highly-advanced platform and the support received from the NEM Foundation has been essential to Tutellus. We expect this to continue in the future.” — Miguel Caballero, CEO, Tutellus

“We’re pleased to be integrating the NEM token into the Cryptonomos marketplace. It’s one of the most exciting blockchains, and we’re thrilled to be a part of that.” — Oleg Poskotin, CEO, Cryptonomos

About Cryptonomos

“Cryptonomos is one of the leading figures in the ICO space, and we’re confident that this platform will flourish.” — Albert Castellana, Council Member, NEM Foundation

“Our partnership with Cryptonomos in carrying out the ICO has been fundamental in the development of the project. Cryptonomos understood from day one the project’s vision, and since then has been a major pillar of the project. Vision, commitment, and speed of execution are essential elements for any successful project, and we believe Cryptonomos delivers the three.” — Miguel Caballero, CEO, Tutellus

Reference: MEDIUM


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